Lithium Americas (NYSE:LAC) Announces Earnings Results

Key Points

• Lithium Americas reported quarterly EPS of $0.12, beating the consensus estimate of a $0.03 loss by $0.15.
• Shares fell 1.8% to $1.62 during Thursday trading, near their 52-week low of $1.50. Analysts’ consensus rating is Hold, with an average price target of $5.25.
• Thacker Pass construction is progressing, but its Phase 1 estimated cost rose 31% to $3.83 billion, raising concerns about funding and project returns.

Lithium Americas (NYSE:LAC - Get Free Report) released its earnings results on Thursday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.15, Zacks reports.

Lithium Americas Price Performance

NYSE:LAC traded down $0.03 during trading hours on Thursday, hitting $1.62. The company's stock had a trading volume of 12,780,655 shares, compared to its average volume of 8,651,133. Lithium Americas has a 52-week low of $1.50 and a 52-week high of $6.96. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.81. The business's 50-day moving average is $2.42 and its two-hundred day moving average is $3.78.

Analysts Set New Price Targets

LAC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Lithium Americas in a research note on Wednesday, September 9th. They set an "overweight" rating and a $6.00 price target on the stock. BMO Capital Markets set a $3.50 price objective on shares of Lithium Americas in a research report on Tuesday, October 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Lithium Americas in a research report on Thursday, October 22nd. Canaccord Genuity Group raised Lithium Americas from a "hold" rating to a "speculative buy" rating in a report on Thursday, October 15th. Finally, Wall Street Zen upgraded Lithium Americas from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $5.25.

Key Lithium Americas News

Investors following LAC have been watching these news items:

• Positive Sentiment: The company reported that its third-quarter loss per share narrowed, with results beating analysts’ consensus estimate, and highlighted a strong cash position. Article: Lithium Americas Reports Q3 Results and Strong Cash Position
• Positive Sentiment: Thacker Pass construction is advancing: engineering is complete and equipment procurement is more than 90% finished. Phase 1 remains targeted for completion in late 2027, followed by ramp-up through 2028, with planned capacity of 40,000 tonnes of lithium carbonate annually. Article: Lithium Americas Provides Thacker Pass Project Update
• Negative Sentiment: The main headwind is a 31% increase in Thacker Pass Phase 1’s estimated capital cost, to $3.83 billion from $2.93 billion—an additional $900 million. The higher budget raises funding and project-return concerns, helping explain the recent weakness in LAC shares despite the continued construction timeline. Article: Lithium Americas raises Thacker Pass cost estimate by 31%

About Lithium Americas

Lithium Americas Corp. is a Canadian company focused on developing lithium resources in North America. Its principal project is Thacker Pass, a lithium deposit in Humboldt County, Nevada, where the company plans to mine and process lithium-bearing claystone. The planned operation is designed to produce lithium carbonate for use in electric-vehicle batteries and energy storage systems. The project is intended to serve the North American battery supply chain; Lithium Americas is developing the resource rather than operating it as a producing mine.

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